You are here: Home » News-IANS » Business-Economy
Business Standard

Cabinet nods implementation of Shahpurkandi Dam project

IANS  |  New Delhi 

The on Thursday approved implementation of on Ravi in that will help use some of river water which is going a waste through the Madhopur downstream to

An official release said that the government will provide a central assistance of Rs 485.38 crore for irrigation component of the project over five years from 2018-19.

It said that the project will create irrigation potential of 5,000 hectare in and 32,173 hectare in The project would be implemented by the government with the central assistance and it would be completed by June 2022. On completion, Punjab would also be able to generate 206MW of hydropower.

Indus Waters Treaty was signed between and in 1960 for sharing of Indus waters. According to the Treaty, got the full rights for utilisation of waters of the three eastern rivers -- Ravi, Beas and Satluj.

The release said that the project was initially approved by the in 2001 and included under the Accelerated Irrigation Benefits Scheme (AIBP) for funding its irrigation component.

However, work could not progress much due to non-availability of funds on the part of Punjab for power component and later inter-state issues with

The release said that a series of meetings were held bilaterally as well as at the central level and an agreement was finally reached between the two states under the aegis of the

--IANS

ps/nir

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 07 2018. 00:12 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU